Bitcoin Drops Below Key 2025 Realized Price Level, Raising Risk of Further Downside: Van Straten
Over 2.6 million bitcoin in supply are currently at a loss, one of the highest levels this year. Feb 5, 2025, 1:33 p.m. UTCThe average withdrawal price of bitcoin (BTC) from exchanges in 2025 currently stands at $100,356. At present, bitcoin is trading just below this level, hovering around $98,000. The concern arises when bitcoin falls below the average withdrawal price for a sustained period of time, as this can often trigger continued selling and more downward price pressure. Historically, this metric has served as a strong support level for bitcoin. Busting below this support, however, does not necessarily indicate a bear market or sustained declines, as bitcoin historically reclaims this price level quickly. In 2024, for example, bitcoin repeatedly tested its average withdrawal pric...